The company known for its skimpy server uniforms and double-entendre owl mascot is working to address its debt.

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Hooters of America is working with creditors on a plan to restructure the business through bankruptcy court in the coming months, according to people with knowledge of the arrangements.

Hooters of America is working with creditors on a plan to restructure the business through bankruptcy court in the coming months, according to people with knowledge of the arrangements. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry,

The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years.

Hooters is preparing for a bankruptcy filing to restructure its business amid industry challenges and closures.

Hooters of America is reportedly working with its creditors on restructuring its business via bankruptcy, according to a new report in Bloomberg. According to the report — which cites sources with knowledge of the proceedings — Hooters is working with the Ropes & Gray law firm to prepare a filing.

Hooters, famous for its hot wings and, well, “scenic views,” is reportedly gearing up to file for bankruptcy. It’s yet another American restaurant chain finding itself in hot financial water in recent months.